Doji candle
A doji is a candlestick with almost no body, showing that the open and the close landed near the same price. It marks a period where price could not decide a direction. On its own it predicts nothing: it reports only what already happened in that period.
How a candle is built
Every candlestick holds four prices from one stretch of time: the open, the high, the low and the close. The thick block, called the body, stretches between the open and the close. The thin lines above and below, called wicks, reach to the high and the low. A doji has a body pressed almost flat, so open and close are very close.
What a doji shows
Price may have moved up or down during the period, but it came back to where it started. That shows buyers and sellers were roughly balanced by the close. It is a picture of hesitation, not of a direction.
Compare shapes by proportion
You learn a candle by comparing the real proportions of body and wicks, not by repeating a description. A hammer, for example, has a small body near the top and a long wick below, which is a different story from a doji even though both have small bodies. The same rough words can fit shapes that look nothing alike once placed side by side.
Its limits
A candle only reports what already happened inside its period. A doji does not tell you what comes next, and it means different things depending on the trend, the volume and the level it forms at. Use it as one clue, never as a signal to trade on its own. Maetis does not give trading advice.
A doji day (hypothetical numbers)
Suppose a share opens at ₹480, rises to a high of ₹490, falls to a low of ₹470, and closes at ₹481. The body runs only from ₹480 to ₹481, a very thin block, with wicks reaching up to ₹490 and down to ₹470. Price travelled ₹20 in the day but ended almost where it began, which is the doji shape.
Common questions
- What is a doji candle?
- A candle with almost no body, where the open and the close are near the same price.
- Does a doji mean the price will reverse?
- Not by itself. It shows hesitation in that period, and what it means depends on the trend and the context around it.
- What is the difference between a doji and a hammer?
- A doji has almost no body. A hammer has a small body near the top and a long lower wick.
- Is a doji a buy or sell signal?
- No. It is a record of one period. Maetis does not give buy or sell advice.